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Asx200

WEB.ASX Webjet breaking out of $4.00Hello Fellow Trader! WEB.ASX sitting inside the channel awaiting any type of Covid related vaccine news for possible expansion. Key levels broken at $4.00 with volume support now testing resistance at $4.20. A breakout could suggest $5.00 target at a minimum within the trend channel. WEB.ASX bottomed out in April but failed to break the low soon after. With Australia’s aviation industry dormant and earning season completing, price was not able to break the lower suggesting we could have witnessed the bottom. Key Points: - Price holding below the 200 EMA - Price holding above the 50 EMA - Fibonacci 61.8% broken and heading towards 78.6% (June high – August low range) - Volume increasing supporting price appreciation Key Levels: Support - $4.00 Resistance – $4.20, $5.00 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – $4.00 Supporting Entry – $4.21 Candle Reversals for entry - Bullish Hammer - Bullish Engulfing - Bullish Piercing The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks below 3.74 level and violates 50 EMA – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry $4.00 – Target 1 $5.00 = 4x Reward to Risk Supporting Entry $4.21 – Target 1 $5.00 = 1.5x Reward to Risk
ASX:WEBLong
by tradetheday
ORE.ASX weakness may continue through $2.20Hello Fellow Trader! ORE.ASX - Lithium producers have been some of Australia’s favourite stocks for several years supporting the worlds change turning to renewable energy in the battery space lead by Elon Musk and Tesla. Last weeks Tesla Battery Day was hyped up to be an extremely positive presentation that would skyrocket lithium back into the Australian headlines. Sadly, Elon mentioned how Lithium is not scarce and they have also found ways to extract the commodity from the ground using salts in a more environmentally and efficient way than any other producer. This signaled panic and hinted a disconnect from the Australian lithium market which include ORE. Overnight, Albemarle Corp and FMC Corp (two of the largest lithium producers on the New York Stock Exchange) fell between 2.5 and 2.8 percent. Key Points: - Price holding below the 200 EMA - Price holding below the 50 EMA - Consolidation below prior range low - 50 EMA and 200 EMA may cross supporting further downside. Key Levels: Support – $2.20, $1.83 Resistance – $2.65, 200 EMA, 50 EMA Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – $2.54 Supporting Entry – $2.49 Candle Reversals for entry - Bearish Shooting Star - Bearish Engulfing - Bearish Dark Cloud Cover The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks above $2.69 level and violates 50 EMA – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry $2.54 – Target 1 $2.20 = 3x Reward to Risk Supporting Entry $2.49 – Target 1 $2.20 = 1.5x Reward to Risk
OShort
by tradetheday
Bullish Momentum for Z1P Targeting $7.50Hello Fellow Trader! Z1P has been well supported at $6.30 for the past week, even during that short term sell off after Presidential debate, buyers came back through holding price within this range. Many signals on the daily and 1 hour are now suggesting further support to the upside, and a recovering Nasdaq’s 8% rise since the 24th of September suggests the tech/payment sector could well be back in force. Key Points: - Daily – Price above 50 EMA - Daily – Price Above 200 EMA - Daily – Range break out with increased volume - Daily – Gap void between $7.50 - $8.00 - Daily - $8.00 Clusters with 50% Fibonacci Retracement - 1 – Hour – Above 50 and 200 EMA - 1 – Hour – Breaks $6.50 range - 1 – Hour – Increased volume during long bull bar Key Levels: Support – 200 EMA, 50 EMA, $6.50 Resistance – $7.00, $7.50, $8.00 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – $6.50 Supporting Entry – $6.70 Candle Reversals for entry - Bullish Hammer - Bullish Engulfing - Bullish Piercing The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks below $6.20 level and violates 50 EMA – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry $6.50 – Target 1 $7.50 = 3x Reward to Risk Optimal Entry $6.50 – Target 2 $8.00 = 4.7x Reward to Risk Supporting Entry $6.70 – Target 1 $7.50 = 1.5x Reward to Risk Supporting Entry $6.70 – Target 2 $8.00 = 2.5x Reward to Risk
ASX:ZIPLong
by tradetheday
1
ASX200 weakness is squeezing on bulls but will we see a selloffThe ASX200 has rolled over since the last alert and holding lower highs. Price is at an important crossroads now as it holds above 5970 and below 6010. A break up through 6010 will get the bulls excited and lead to a push up to 6200. A hold below 5925 and move down through 5970 will trigger further selling and pressure lower as buyers are forced to close out. We favour the sell side so will be watching for an entry of further weakness but either way, the next few days will be important. ------------------------------------------------------------- WE TRADE WHAT WE TEACH Check out our recent Live Streams from our profile page!! ------------------------------------------------------------- ** If you enjoy our free content, please support and follow our profile, by hitting the Follow button to get further high quality ideas. ** ** If you are following our ideas any comments and likes are most welcome and will be greatly appreciated ** ** With quality alerts and correct Risk Management, you can learn consistency and grow your account ** ** With quality portfolio management and defined risk levels to help your account grow and achieve steady profit targets while increasing your trading edge. **
ASX:XJOShort
by TradeTheStructure
2
$VTI.ASX its ready to push higher from here #VTI$VTI.ASX its ready to push higher from here Visioneering Technologies Inc (VTI) is a medical device company. Its head office is based in the US state of Georgia. The Company has a portfolio of technologies to address eye care issues such as presbyopia, myopia and astigmatism, the company uses creative and differentiated design approaches to develop products that will ultimately enhance practitioner and patient experiences. The company has grown operations across the United States, Australia and Europe and is expanding into Asia with a focus on markets with high rates of myopia. First target 5c
ASX:VTILong
by Abbas39
MSB – MESOBLAST LIMITED Targeting $5.35Hello Fellow Traders! The XJO (ASX200) has sold off from the peak made on August 25th following the SPX(US500) and Nasdaq during uncertain global times and Covid numbers starting to increase again in Europe. While the XJO continued to fall in the past 5 trading days, MSB has experienced supreme buying pressure continuing to retest $5.00. MSB is a Bio – Pharmaceutical company that offers products in the area of cardiovascular, spine orthopedic disorders, oncology, hematology, and immune-mediated and inflammatory diseases. Key Points: - Price holding above the 200 EMA - Price holding above the 50 EMA - Bullish wedge pattern below range break out - Fibonacci 61.8% level providing support at $5.00 - Volume increasing showcasing buyers’ momentum - RSI also breaking trendline - Superior risk to reward - SPX and NAS100 both in the green overnight Key Levels: Support - 5.00, 50 EMA, 200 EMA Resistance – 5.25, 5.35 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – 5.05 Supporting Entry – 5.10 Candle Reversals for entry - Bullish Hammer - Bullish Engulfing - Bullish Piercing The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks below 5.00 and violates 50 EMA– this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry $5.05 – Target 1 $5.25 = 3.3x Reward to Risk Optimal Entry $5.05 – Target 2 $5.35 = 5x Reward to Risk Supporting Entry 5.10 – Target 1 $5.25 = 1.6x Reward to Risk Supporting Entry 5.10 – Target 2 $5.35 = 2.6x Reward to Risk
ASX:MSBLong
by tradetheday
ALL ORDINARIES – An Expected MoveBeen speaking about this Index Heavily, this movement is to be expected & I’ll explain why. - This Demand Zone that we are moving through today was a 4H Demand Zone, it was Low Quality, meaning there is levels underneath it that are formed on Market Pivots, which yield Higher Quality Demand Zones - There are a number of Levels in the way of the Main Demand Zone at 5700 - Most notably the 23.6% Fibonacci Level, this area lines up nicely with liquidity to the left where we have multiple respected daily candles & wicks - This would be the most logical High Timeframe level to look towards, which the 23.6% Fibonacci Level acting as nice support for XAO. - We’ve got a decent amount of room on the indicators, Steamroller, CCI & RSI to facilitate a move in that direction also. - Our in-house developed Unicon Indicator was telling us there was an increasing bearish bias forming at the 6250 level (Orange Arrow) and that is being maintained with this break of the Demand Level. Looking towards that 23.6% Fibonacci Level in the immediate term. GET INVOLVED ↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓
ASX:XAOShort
by Unity-Trading-Group
1
ASX200 Sighting June Lows – 5800Hello Fellow Trader! The US500 and Nasdaq continued their falls and finishing in the red on Friday. The ASX200 also had two consecutive lower low days breaking slicing below 6000 to finish the week also in the red. We could see slight recovery back into the 6000 which is key for the advance, or rejection indicating falls the ASX200 has not seen since June. Key Points: - Price holding below the 200 EMA - Price holding below the 50 EMA - Fibonacci 50% support cluster with target 1 (April Low – June High) - Price holding above the 50 EMA - RSI could break trend and range simultaneously for momentum Key Levels: Support – 5800, 5700, 5610 Resistance – 200 EMA, 50 EMA, 6000 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – 5925 Supporting Entry – 5890 Candle Reversals for entry - Bearish Shooting Star - Bearish Engulfing - Bearish Dark Cloud Cover The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks above level 6000 and violates 200 EMA– this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry 5925 – Target 1 5700 = 3x Reward to Risk Optimal Entry 5925 – Target 2 5610 = 4x Reward to Risk Supporting Entry 5890– Target 1 5700 = 1.5x Reward to Risk Supporting Entry 5890 – Target 2 5610 = 2.2x Reward to Risk
ASX:XJOShort
by tradetheday
2
NOT OVER YET, ONE MORE DAY TO GO & PROTECT 5836 $XJO On 26 August 2020, $XJO was at 6161 and I said we will pull back to the moving averages and a big breakout will come... The 2 day chart have shown us we have broke down to the down side. This week, I said we need to close above 5836 on the weekly to stay bullish. We did that. However, it is not over yet. The 2 day candlesticks DID NOT CLOSE this week , it will close next Monday and start a new candlestick on Tuesday 22/09/2020. Furthermore, we have closed below all three moving averages 20,50,200 and from the past more downside will come in the coming days/weeks. Therefore, Monday will be a very important trading day, Long - Close above 5919 Short - Close below 5836 If close below 5836, the 0.50 Fibonacci Retracement level is my next support....
ASX:XJO
by johninvest17
10
The ASX200 may be setting to head down the slippery slope lowerThe ASX200 is hovering at a key level at 5850, that if broken, will trigger some bears into action. Recent pressure from sellers has picked up off the 6200 area and the uptrend from march has been broken. Many feel that a selloff and reset is on the cards and warranted so it may soon come true. ------------------------------------------------------------- WE TRADE WHAT WE TEACH Check out our recent Live Streams from our profile page!! ------------------------------------------------------------- ** If you enjoy our free content, please support and follow our profile, by hitting the Follow button to get further high quality ideas. ** ** If you are following our ideas any comments and likes are most welcome and will be greatly appreciated ** ** With quality alerts and correct Risk Management, you can learn consistency and grow your account ** ** With quality portfolio management and defined risk levels to help your account grow and achieve steady profit targets while increasing your trading edge. **
ASX:XJOShort
by TradeTheStructure
Medibank Private TD Sequential 9 on Daily and Weekly Chart $MPLMedibank Private testing March low at $2.45, after going ex-div last Wednesday. This week using TD Sequential, we are seeing a 9 on the weekly and yesterday the daily is giving us a 9 us well. Could this be the bottom for Medibank private? Stop loss at $2.45. Company Profile Medibank Private Limited (MPL) core business is the underwriting and distribution of PHI policies through its two brands, Medibank and AHM. It offers Hospital Cover and Extras Cover to customers in Australia as well as health insurance to overseas visitors and students. It also participates in the broader healthcare industry through the provision of integrated healthcare services to Policyholders, government, corporate and other customers.
ASX:MPLLong
by johninvest17